Property Valuation
An appraisal is performed 'as of' a specific date. This date is called the:
AInspection date
BEffective date of the appraisal✓ Correct
CAppraisal commitment date
DReport delivery date
Explanation
The effective date (or date of value) is the specific date as of which the value opinion applies. The market conditions, comparables, and analysis must all be relevant to this date.
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